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? john boehner indicated, revenue is possible, but we're not raising tax rates. where is there compromise? >> i think where there's going to be a compromise on taxes, this be would be a good thing on the economy, might exchange lower tax rates in return for a reduction in all the loopholes that as it is distort economic activity. so if boehner were able to achieve that kind of compromise, that's one that the republicans could be pleased with. the bush tax cuts are gone, they're expiring, and the president said that 250,000 below, he wants that extended, but for those making more than 250, will the bush tax cuts come to an end? >> i don't think so. i think actually the they won't come to an end because the democrats don't want major reduction in spending, if you hit the cliff, the spending would go down and politicians love to spend money. an extension of the bush tax cuts, less we're blessed by the relatively few, jeff baso, the late steve jobs, you want to remove the barriers to their production, not raise them. >> mike: john, we're not going over this cliff, are we. >> there's no way we
to pall and all john boehner, every year the republicans have been in the majority in the house in this administration, the house has passed a budget -- both times. the senate -- the majority leader won't even bring it up. and the republicans bring up obama's budget to -- as an amendment to force the democrats' hand. but if the president leads, i happen to believe the president must be telling the democrat leader, don't do it. if the president starts telling him now, we are going to try to really get something done, i assume the democratic leader will do what the president says. >> caller: i am not here to defend why the president didn't do t. all of these budgets twould have been so simple. he's the leader of the party. if the holdup is harry reid, a democrat, couldn't he just call senator harry reid and say, let's get a budget and do it now. we hear now that he is telling governor christie's going to answer the phone in 15 minutes, we can't get a budget in 3 years. >> have you a very good point. maybe it's like mr. medvedev, now that the election's over, maybe he will take a d
't been willing to do that. we will see. i thought john boehner said it right, we are inviting you to lead. >> greta: the thing that cannot be ignored is that we are a year past, when we knew the committee or limp a year -- almost a year past. and if leadership is what was needed and if you sign that to president obama, he hasn't done that. we are pushed up a -- against a deadline with very serious decisions. do you think the house and the senate and the president will resolve this by january 1? or are they going to kick it down the road again? >> congress has a long history of preferring to kick the can down the road. there is no question about that. however, this is a much more serious thing that they have come up against than i have ever seen before, in terms of the budget and then the fiscal cliff. what do i think will happen? hopefully, they will agree on a framework. you are not going to do tax reform in the next 6 or 8 weeks. you are not going to do entitlement reform in the next 6 or 8 weeks. i think what we should hope for, that they get serious together, see a path and say, okay,
tax increases one way or another. bill: do you think that flies in the u.s. house? does john boehner have the votes to match that? >> the white house figures he will portray himself as the chapel yofnt middle class and the republicans are going out for the rift and he feels he can largely beat hem into submission. when they sit down to the bargaining table they might make some changes but he will want to come out of these negotiations as having largely won them and leaving scraps for the republicans. what the republicans have to hit back with is the way you increase revenues is by having rising incomes. you don't get that by higher taxes on a weakening economy. bill: the president plans to open the talks using his most recent budget proposal. wasn't that the budget that got zero votes in the senate? >> he's going to exploit it for all it's worth. you could come to an agreement using bowles and simpson and reducing rates so everyone declares victory. you have got more revenue but the rates don't go up. but i don't think the president is interested in that. if you had normal people doi
are at a dinner this evening. hosted by the speaker of the house, john boehner. shep? >> shepard: mike emanuel live on capitol hill. just in to fox news from the o really file? the chief operating officer of the long island power authority or lipa is stepping down in the wake of super storm sandy. this comes on the same day an attorney filed a lawsuit against lipa claiming negligence in the aftermath. and the attorney is seeking class action status potentially including hundreds of thousands of long island customers who, in some cases have had no power for two weeks. the feds say only about 25,000 customers in the storm zone are still in the dark only. certainly a major improvement since just yesterday when the number was three times that. but today as the new york city mayor michael bloomberg pointed out that figure does not include tens of thousands of homes and businesses that are destroyed or too badly damaged for crews even to restore electricity. >> the majority of new yorker who's remain without power do so not because the utilities can't provide power on the street but because necessar
done. the speaker of the house, john boehner says we don't have a tea party caucus. with congressman allen west on the edge of defeat and a barely win for michele bachmann, we want to know if you agree with the speaker. moving forward, do you think the tea party is rel vapt, helpful or harmful to the gop? tweet us your answers. did. we will reads your responses, later on throughout at this time show. we honor members of the military for their service to our country. some of them having made the ultimate sacrifice. ceremonies honoring our nation's heroes will happen all over the country. the vietnam memorial will be a gathering place for the annual day of remembrance. we go to sent cent, live on the scene. >> reporter: right. a ceremony gets underway here in just a little while. the secretary of veterans affairs will be the main speaker here. but really, the centerpiece is the wall itself. the vietnam veterans memorial, which is one of the major attractions in washington, d.c. to memorialize the 58,000 people who were killed in the vietnam war. their names carved in black granite, alo
speaker john boehner faces as he tries to unify a deeply divided republican party, and all over congress they are deeply divided. he's trying to find compromise with the president before the country's finances go over the fiscal cliff. my credit card rewards are easy to remember. with the bankamericard cash wards credit card, i earn 1% cash back everywhere, every time. [ both ] 2% back on groceries. [ all ] 3% on gas! no hoops to jump through. i earn more cash back on the things i buy most. [ woman in pet store ] it's as easy as... [ all ] one! -two. -[ all ] three! [ male announcer ] the bankamericard cash rewards credit card. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medi
Search Results 0 to 6 of about 7

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